News
IPA Arranges $148M Sale of San Jose Community
Institutional Property Advisors has arranged the $148 million sale of Willow Lake Apartment Homes in San Jose, Calif. This sale equals approximately $291,000 per unit.
TODAY’S DEALS: O’Connor Capital Partners Lands $62.3M Construction Loan
O’Connor Capital Partners lands a $62.3 million construction loan; Candlebrook and Angelo, Gordon & Co. acquire an asset near Philadelphia; and Arbor funds seven FHA deals across the nation.
‘What Renters Want’ with Jessica Fiur: Going Green (Literally) with Pantone’s 2013 Color of the Year
Ways to spice up your apartment units with Pantone’s new color of the year—emerald.
European Hotels in The Luxury Collection Get Top Notch Renovations to Restore Their Former Glory
A number of European properties, part of The Luxury Collection Hotels & Resorts, are in different stages of renovation and restoration, part of a continent-wide operation worth $200 million.
CBRE Appoints Nick Keyes as Project Management Leader
CBRE, Inc. recently appointed Nick Keyes as the project management leader for the Cincinnati and Dayton, Ohio markets.
Economy Watch: November Employment Gains Roughly Average
The Bureau of Labor Statistics reported on Friday that the U.S. economy created 146,000 jobs in November. Since the beginning of this year, employment growth has averaged 151,000 per month, about the same as the average monthly job gain in 2011, which was 153,000.
Student Housing Community Planned for Downtown Atlanta
In a $7.9 million transaction brokered by Atlanta’s Bull Realty, a development site in downtown Atlanta has been sold to an affiliate of Valdosta, Ga.-based Ambling University Development Group.
Assurant Specialty Property Launches MyRentersProgram
Assurant Specialty Property, a provider of renters insurance and security deposit alternatives, has launched a new online portal for multifamily housing providers with less than 3,000 units to easily implement an insurance requirement within their lease agreements.
Harbor Group Makes $10M Equity Investment in Apartment Portfolio
Harbor Group International LLC has made a $10 million preferred equity investment in a multifamily portfolio in northwest suburban St. Louis. The portfolio consists of four properties totaling 1,447 units.
Tryko Partners Begins Extensive Renovation on Distressed Affordable Community in Maryland
Tryko Partners recently acquired Perrywood Gardens, a 184-unit affordable housing community in Aberdeen, Md. The company is currently implementing a $500,000 renovation program for the property.